Suncor Energy Inc. (TSE:SU) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Suncor Energy has a consensus “Moderate Buy” rating from 13 analysts, including eight buys, four holds and one strong buy. The average 12-month price target is C$97.69.
• Shares opened at C$93.82, near the company’s 52-week high of C$96.53. Recent analysts raised their targets, including TD to C$116, JPMorgan to C$114 and Raymond James to C$109.
• Suncor reported quarterly earnings of C$3.23 per share on C$17.50 billion in revenue and maintains a quarterly dividend of C$0.60, or C$2.40 annually, yielding about 2.6%.

Suncor Energy Inc. (TSE:SU - Get Free Report) NYSE: SU has received a consensus rating of "Moderate Buy" from the thirteen brokerages that are presently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$97.69.

Several equities analysts have commented on the stock. Scotiabank upgraded shares of Suncor Energy to a "strong-buy" rating in a research note on Friday, June 26th. TD lifted their target price on Suncor Energy from C$113.00 to C$116.00 and gave the company a "buy" rating in a report on Wednesday, July 22nd. Raymond James Financial boosted their target price on Suncor Energy from C$103.00 to C$109.00 and gave the stock an "outperform" rating in a research note on Thursday, August 6th. Desjardins set a C$107.00 price target on Suncor Energy and gave the stock a "buy" rating in a report on Friday, July 17th. Finally, JPMorgan Chase & Co. increased their price target on Suncor Energy from C$107.00 to C$114.00 in a research report on Thursday, August 13th.

Suncor Energy Trading Up 0.6%

TSE SU opened at C$93.82 on Friday. The company has a debt-to-equity ratio of 30.48, a quick ratio of 0.83 and a current ratio of 1.65. The firm has a market cap of C$109.73 billion, a price-to-earnings ratio of 12.53, a PEG ratio of 0.15 and a beta of 0.18. The firm has a 50 day simple moving average of C$85.65 and a 200-day simple moving average of C$85.26. Suncor Energy has a one year low of C$53.02 and a one year high of C$96.53.

Suncor Energy (TSE:SU - Get Free Report) NYSE: SU last announced its earnings results on Tuesday, August 4th. The company reported C$3.23 earnings per share for the quarter. The firm had revenue of C$17.50 billion for the quarter. Suncor Energy had a net margin of 15.32% and a return on equity of 19.38%. Equities research analysts anticipate that Suncor Energy will post 4.4208333 EPS for the current fiscal year.

Suncor Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 25th were paid a $0.60 dividend. The ex-dividend date was Thursday, June 4th. This represents a $2.40 dividend on an annualized basis and a yield of 2.6%. Suncor Energy's payout ratio is currently 31.64%.

Insider Buying and Selling at Suncor Energy

In other Suncor Energy news, insider Richard Michael Kruger sold 15,378 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of C$94.84, for a total value of C$1,458,449.52. Also, insider Shelley Powell sold 41,911 shares of Suncor Energy stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of C$87.60, for a total transaction of C$3,671,403.60. Following the sale, the insider directly owned 27,705 shares of the company's stock, valued at approximately C$2,426,958. This trade represents a 60.20% decrease in their ownership of the stock. In the last three months, insiders have sold 59,689 shares of company stock valued at $5,355,525. Insiders own 0.01% of the company's stock.

About Suncor Energy

Suncor Energy Inc is an integrated energy company. The company's operations include oil sands development, production and upgrading, offshore oil and gas, petroleum refining in Canada and the U.S. and the company's PetroCanada retail and wholesale distribution networks. The company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power, renewable fuels and hydrogen. It also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source